Archive · 26 Sep 2026
RBI Revises Bulk FD Rules, Bringing Daily Rate Disclosure
The Reserve Bank of India is changing the rules for very large fixed deposits.
These deposits are called bulk deposits and start at ₹3 crore.
From October 1, banks must publish their bulk-deposit rates by 10 am on working days.
They can correct or update the rates until 10:10 am.
Banks must use the rates shown on their websites when calculating interest.
Similar large deposits made on the same day should receive the same rate at different branches.
However, banks can offer different rates when deposits have different liquidity effects under the LCR rules.
The changes apply to several types of banks, including commercial, cooperative, regional rural and payment banks.
From October 1, banks must disclose applicable bulk-deposit rates by 10 am on every working day, with a 10-minute grace period.
Banks must use the interest rates published on their websites when paying interest on deposits, including bulk fixed deposits.
A bulk deposit is defined as a single-rupee term deposit of ₹3 crore or more.
For similar bulk deposits accepted on the same day, banks must offer the same applicable rate across branches.
Banks may still vary rates based on deposit liquidity treatment under the Liquidity Coverage Ratio framework, including for certain NRI rupee deposits.
- Who
- The Reserve Bank of India, banks, and depositors with large fixed deposits.
- What
- Revised rules will require daily disclosure of bulk-deposit rates and consistent rates across branches, while allowing some liquidity-based differences.
- When
- From October 1; rates must be disclosed by 10 am on working days, with a grace period until 10:10 am.
- Where
- Across commercial banks, small finance banks, regional rural banks, local area banks, payment banks, and urban cooperative banks.
- Why
- To give large depositors clearer rate information and improve consistency while allowing banks to price deposits according to their liquidity treatment.
- Effective date
- October 1
- Bulk deposit threshold
- A single-rupee term deposit of ₹3 crore or more
- Daily disclosure deadline
- 10 am on every working day
- Grace period
- Banks may update rates until 10:10 am
- Website rates
- Banks must follow published website rates when paying deposit interest
- Branch consistency
- Similar bulk deposits accepted on the same day must receive the same applicable rate across branches
- Liquidity exception
- Rates may differ based on the applicable Liquidity Coverage Ratio run-off rate